Crypto news and prices of DeRace, INJ, HNT

In this article we will delve into the news, prices and market statistics of the crypto assets DeRace (DERC), Inject (INJ) and Helium (HNT). 

We will see in detail how the most recent news has affected the price performance of the three projects. 

The recent performance of the crypto assets DeRace (DERC), Inject (INJ) and Helium (HNT).

Let’s start today with DeRace, a project born in September 2021. DeRace’s last month does not seem to be one of the best, the DERC token lost 22.11% of its value, bringing the price down to $0.18.

The project does not seem to be recovering from the bear market of past years, but at the same time it does not attempt to innovate, at which point we have not found any recent news regarding DeRace. 

As for market statistics, the market capitalization is $16.4 million with a trading volume (in the last 24 hours) of $492,797.01. The circulating supply is 92.4 million DERC.

We turn to another asset in the last month that has fully reflected the end of the bear market: Inject (INJ). In just 30 days, the project has increased its value by 117%, bringing the price of the token to a value of $8.76. 

Market statistics for Inject see the market capitalization at $700 million, with a trading volume in the last 24 hours of $332.4 million.

The circulating supply is 80 million INJ tokens, with an average holding time of 13 days.

Although the price is far from its all-time high of $25.01, the path is on track to recover it. 

As for Helium, days ago we already discussed the monthly performance in an article, hence we will just look at the performance of the last week. 

Helium has recently migrated its hotspots to the Solana network, in the coming weeks so we will see what the effects on the token will be. 

For now, HNT has only seen a 2.7% increase in the last 7 days, with the price stuck at $1.83. 

Celer Network has integrated support for bridging at Injective 

Celer Network, a leading layer-2 scaling platform, announced the successful integration of initial bridging support for Injective, one of the most important chains in the Cosmos ecosystem by total value locked (TVL). 

This move marks a significant milestone for Celer Network, which expands its capabilities to enable cross-chain bridging for multiple assets, including INJ, ATOM, ASTR and DOT, across Injective and Astar, as well as in the broader Cosmos and Polkadot ecosystems.

With this integration, users can now seamlessly transfer assets between different chains, taking advantage of Celer Network’s fast finalization, low cost and secure services.

The integration of initial bridging support for Injective is an essential step in unlocking the full potential of the Cosmos and Polkadot ecosystems and realizing their interoperability potential.

The Cosmos and Polkadot ecosystems are among the largest blockchain networks, with a combined TVL of more than $60 billion. 

The integration of Celer Network’s layer-2 scaling solution with Injective will enable users to take full advantage of the potential of these ecosystems, allowing them to transfer assets between chains and explore new opportunities seamlessly.

Celer Network’s layer-2 scaling solution offers users rapid finalization, reduced cost and high security. 

With its unique architecture, Celer Network enables fast and secure transactions, allowing users to send and receive assets in real time. 

In addition, Celer Network’s layer-2 scaling solution also reduces congestion on the blockchain, allowing users to enjoy fast and seamless transactions even during periods of high network congestion.

The integration of initial support for Injective is just the beginning for Celer Network as it continues to expand its capabilities and connect other chains within the Cosmos and Polkadot ecosystems. 

As Celer Network expands its presence, it will help unlock the full potential of these ecosystems, enabling users to access new opportunities and take full advantage of the potential of blockchain technology.

The effects of Helium on Solana 

Solana, a blockchain platform designed for high-speed transactions and decentralized applications, recently experienced a significant increase in its NFT landscape due to the migration of Helium (HNT) hotspots. 

As part of the migration process, more than 350,000 Helium hotspots have been minted as NFTs on Solana, with the potential to have a significant impact on the platform’s NFT ecosystem.

Before delving into the impact of Helium migration on Solana’s NFT landscape, it is essential to understand the role of Helium hotspots in the Helium network. 

Helium hotspots are physical devices that provide wireless connectivity to IoT devices.

They use a combination of LoRaWAN and LongFi technology to create a low-power, long-range wireless network that can connect devices up to several kilometers away.

As part of the migration from Ethereum to Solana, Helium has minted each of its hotspots as NFTs on the Solana blockchain. 

This means that each hotspot now exists as a unique digital asset that can be bought, sold and traded on Solana’s NFT marketplace.

The migration of Helium hotspots to Solana has given a significant boost to the platform’s NFT ecosystem for several reasons.

First, the migration of more than 350,000 Helium hotspots to Solana has significantly increased the number of NFTs available on the platform. 

This increase in supply has the potential to drive down the price of NFTs on Solana, making them more accessible to a wider audience. 

In addition, the migration brought a large number of new users to Solana, many of whom were not previously active on the platform.

Second, the migration of Helium hotspots to Solana introduced a new type of NFT to the platform. 

Helium hotspots are unique digital assets that have a specific use case in the Helium network. 

However, they can also be used as collateral for loans and other financial instruments, making them a valuable asset to hold. 

The introduction of Helium hotspots as NFTs on Solana has expanded the range of assets available on the platform and offered users new investment opportunities.

Finally, the migration of Helium hotspots to Solana has given a significant boost to the platform’s credibility in the NFT space. 

Helium is an established project with a strong community, and its decision to migrate to Solana is a vote of confidence in the platform’s technology and ecosystem. 

This increased credibility is likely to attract other projects and users to Solana’s NFT market, further promoting the platform’s growth and development.